Funding arb · Price arb /

SUI

all SUI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0124%/8h= +13.6% APRpaid last 24h +0.094%

Price spread now: Coinbase International against Binance+0.032%7-day average +0.117% · you sell dearer than you buy

Net, funding: paid 7d − costs−$1as in the Funding arb table

Net, price: spread back to 7d avg − costs−$50as in the Price arb table

costs, in and out, $10k−$410.412% of the position

Long on Binance Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.402%+$40 on $10k

Price spread, last 3 days (all we have)+0.034%+$3 · spread now +0.032%, 7d avg +0.117%

Together, before fees+0.437%+$44 on $10k · with fees, hour by hour

Funding pays, the price is against you. Coinbase International is 0.085% cheaper against Binance than usual: you would sell low and buy high (spread +0.032% now, against its 7-day average of +0.117%). If the spread goes back, that is −$9 on $10k: about 2.3 days of funding at the current rate (+$4 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance SUIUSDT	1.0392	0.0100	pay 0.0100% / 8h	2m 44s	$154.2M	$1.03B	75x
Short	Coinbase International SUI-PERP-INTX	1.0395	0.0224	get 0.0028% / 1h	2m 44s	$1.0M	$14.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Binance. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BinancebpFee Coinbase InternationalbpOrdersPrice spread, now +0.032%Rate

Funding earned: $26.04
Price spread: +0.032% → +0.117%: −$8.53
Slippage, 4 orders: −$21.23
Fee Binance: 5 bp × 2 orders: −$10
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$23.72
Costs to cover: 0.412%
Break-even: 13.4 days

Slippage from Binance: live order book, 11 min ago; Coinbase International: live order book, 1 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Binance live order book, 11 min ago	0.48 bp	6.1 bp −$6	9.7 bp −$97	26.9 bp −$2,689	102.5 bp −$51.3K
Sell Coinbase International live order book, 1 min ago	6.25 bp	12.2 bp −$12	20.5 bp −$205	doesn't fit	doesn't fit

SUI on 46 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective SUI/USDC PERP	−0.3474%	1h	1.0288	−0.998%	$42K	$123K	12x	as long as short
Hibachi SUI/USDT-P	−0.0376%	1h	1.0390	−0.013%	$6K	$19K	7x	as long as short
Reya SUIRUSDPERP	−0.0370%	1h	1.0390	−0.020%	$4K	$3K	20x	as long as short
Bluefin SUI-PERP	−0.0062%	1h	1.0380	−0.113%	$595K	$406K	25x	as long as short
dYdX SUI-USD	0.0000%	1h	1.0393	+0.008%	$95K	$175K	10x	as long as short
Kalshi KXSUIPERP	0.0000%	8h	1.0397	+0.051%	$464K	$5.2M	2.5x	as long as short
Deribit SUI_USDC-PERPETUAL	0.0000%	1h	1.0395	+0.032%	$202K	$587K	25x	as long as short
gTrade (Gains Network) SUI/USD	L +0.0003% / S −0.0002%	1h	1.0393	+0.014%	$120K	—	150x	as long as short
01 Exchange SUIUSD	+0.0088%	1h	1.0392	+0.003%	$9K	$9K	10x	as long as short
Lighter SUI	+0.0096%	1h	1.0391	−0.011%	$798K	$5.9M	10x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH SUI	+0.0096%	1h	1.0395	+0.031%	$261K	$2.0M	10x	as long as short
Popdex SUIUSDT	+0.0096%	1h	1.0391	−0.007%	$41K	$493K	50x	as long as short
Orderly PERP_SUI_USDC	+0.0100%	8h	1.0391	−0.007%	$46K	$327K	20x	as long as short
Paradex SUI-USD-PERP	+0.0100%	8h	1.0388	−0.040%	$27K	$9K	30x	as long as short
Nado SUI-PERP	+0.0100%	1h	1.0388	−0.031%	$658K	$1.4M	10x	as long as short
Aster SUIUSDT	+0.0100%	8h	1.0391	−0.007%	$1.0M	$4.8M	75x	as long as short
Pacifica SUI	+0.0100%	1h	1.0394	+0.024%	$225K	$259K	10x	as long as short
Binance SUIUSDTlong	+0.0100%	8h	1.0392	long leg	$154.2M	$1.03B	75x
Bybit SUIUSDT	+0.0100%	8h	1.0392	−0.001%	$104.4M	$307.7M	50x	as long as short
OKX SUI-USDT-SWAP	+0.0100%	8h	1.0388	−0.036%	$41.8M	$388.7M	50x	as long as short
Arcus SUI-USD	+0.0100%	1h	1.0390	−0.017%	$46K	$387K	10x	as long as short
Gate SUI_USDT	+0.0100%	8h	1.0389	−0.026%	$167.6M	$81.8M	50x	as long as short
MEXC SUI_USDT	+0.0100%	8h	1.0391	−0.007%	$151.0M	$292.9M	300x	as long as short
KuCoin SUIUSDTM	+0.0100%	8h	1.0386	−0.055%	$51.3M	$52.8M	75x	as long as short
Bitget SUIUSDT	+0.0100%	8h	1.0387	−0.045%	$68.6M	$167.8M	75x	as long as short
BingX SUI-USDT	+0.0100%	8h	1.0390	−0.017%	—	$81.5M	—	as long as short
Backpack SUI_USDC_PERP	+0.0100%	1h	1.0393	+0.012%	$667K	$1.1M	20x	as long as short
Variational Omni SUI	+0.0100%	8h	1.0349	−0.410%	$2.3M	$2.9M	—	as long as short
edgeX SUIUSDC	+0.0100%	4h	1.0363	−0.280%	$168K	$4.5M	20x	as long as short
GRVT SUI_USDT_Perp	+0.0100%	8h	1.0382	−0.096%	$446K	$7.1M	10x	as long as short
ApeX Omni SUIUSDT	+0.0100%	1h	1.0366	−0.248%	$236K	$444K	50x	as long as short
Polymarket Perps SUI-USD	+0.0100%	1h	1.0398	+0.060%	$108K	$771K	10x	as long as short
SunX SUI-USDT	+0.0100%	8h	1.0407	+0.147%	$2K	$1.9M	30x	as long as short
SoDEX SUI-USD	+0.0100%	1h	1.0393	+0.012%	$6K	$2.4M	10x	as long as short
HTX SUI-USDT	+0.0100%	8h	1.0391	−0.007%	$653K	$18.5M	75x	as long as short
Phemex SUIUSDT	+0.0100%	8h	1.0391	−0.007%	$11.6M	$25.0M	50x	as long as short
Bulk SUI-USD	+0.0100%	1h	1.0379	−0.126%	$244K	$2K	10x	as long as short
Extended SUI-USD	+0.0104%	1h	1.0388	−0.035%	$1.4M	$3.8M	50x	as long as short
Aevo SUI-PERP	+0.0104%	1h	1.0398	+0.065%	$49K	$37K	3x	as long as short
BloFin SUI-USDT	+0.0220%	8h	1.0392	+0.003%	$8.0M	$24.3M	100x	as long as short
Coinbase International SUI-PERP-INTXshort	+0.0224%	1h	1.0395	+0.032%	$1.0M	$14.1M	50x
Kraken Futures PF_SUIUSD	+0.0272%	1h	1.0399	+0.067%	$7.2M	$24.2M	50x	as long as short
Phoenix SUI	+0.0327%	1h	1.0401	+0.094%	$206K	$593K	10x	as long as short
Hyperliquid SUI	+0.0616%	1h	1.0405	+0.128%	$75.6M	$80.9M	10x	as long as short
GMX SUI/USD [ETH-USDC]	L +0.0638% / S −0.0305%	1h	1.0392	+0.002%	$900K	—	100x	as long as short
Aftermath Perps SUIUSD	+0.0831%	1h	1.0384	−0.077%	$94K	$382K	10x	as long as short